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Bernie Sanders's Highly Sensible Plan to Turn Post Offices Into Banks

Quicklink Submitted By   Follow Me on Twitter     Message Scott Baker     Permalink    (# of views)   No comments, In Series: Public Banking

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They're much less crazy than payday-lending services, and the rest of the world agrees.

Sanders:

<blockquote>

If you are a low-income person, it is, depending upon where you live, very difficult to find normal banking. Banks don’t want you. And what people are forced to do is go to payday lenders who charge outrageously high interest rates. You go to check-cashing places, which rip you off. And, yes, I think that the postal service, in fact, can play an important role in providing modest types of banking service to folks who need it.

</blockquote>

Read the rest of the story HERE:

At www.theatlantic.com

 

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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Series: "Public Banking"

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